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BOK forecasts South Korea's 2025 growth to drop to 1.6%, marking a potential record low.
The Bank of Korea (BOK) is likely to reduce South Korea's 2025 economic growth forecast to 1.6% due to weak domestic demand and slower export growth.
Factors include sluggish private spending, declining auto exports due to U.S. tariffs, and uncertainties in semiconductor sales.
The BOK has kept interest rates steady due to a weak currency and political uncertainties.
This could mark the first time South Korea's yearly growth rate falls below 2%.
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